Some basic steps you can take to make sure your savings can help meet your future needs include:
Pay yourself first – set aside a portion of your paycheck for savings before paying for other expenses.
Create an emergency fund – Life is unpredictable, so saving three to six months of expenses is a good rule. Here is where your income tax refund/next raise can go.
Stick with your budget – This can be a good way to track how much you can save.
If you have investments, diversify – it can be a good way to help weather market fluctuations.
Retirement savings tools
See how increasing your contributions on a monthly, semi-monthly or bi-weekly basis may affect your take-home pay. Retirement money is often tax-deferred so saving more may cost you less than you think.